According to the latest report by IMARC Group, titled “Frozen Finger Chips Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global frozen finger chips market size reached US$ 21.8 Billion by 2020. Frozen finger chips or French fries are thin strips of pre-cut potatoes that can be stored in freezing temperatures. They are widely packaged in air-tight bags to prevent the product from moisture or microbiological spoilage. Consequently, they can be preserved for an extended period of time when placed inside refrigerators. These frozen products require lesser amounts of oil for their preparation, unlike their fresh counterparts, which has contributed to their widespread popularity among consumers. They can be baked or fried to achieve a crunchy exterior as well as a light and fluffy interior. Characterized by a light-yellow color, they are generally seasoned with salt and spices and widely consumed as a side dish with burgers and sandwiches.
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Global Frozen Finger Chips (Frozen French Fries) Market Trends:
The market is majorly driven by the increasing demand for ready-to-eat snacks and convenience foods across the globe. This can be accredited to the hectic lifestyles led by working professionals, shifting dietary preferences of the masses and the inflating disposable income levels of individuals. The widespread popularity of various global cuisines and the westernization of food consumption patterns are also contributing to the rising demand for frozen French chips on the global level. The market is further driven by the introduction of numerous innovative variants in the market with unique shapes and flavorings. For instance, peri-peri flavored frozen French fries are increasingly being preferred by the masses due to their appetizing taste and a perfect balance of spice. This is expected to cater to the diversified preferences of the consumers, thereby creating a positive outlook for the market. Some of the other factors contributing to the market growth include rapid expansion of organized retail platforms, increasing product availability on online portals and the continual advancements in production technology. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 25.3 Billion by 2026, growing at a CAGR of 2.5% during 2021-2026.
- Based on the end-use, the market has been bifurcated into food service and retail. Among these, the food service segment accounts for the majority of the total market share.
- On the geographical front, Europe holds the leading position in the market. Other major regions include North America, Asia Pacific, Latin America, and Middle East and Africa.
- The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players. Some of these players include McCain Foods Limited, J.R. Simplot Food Group, Lamb Weston Holdings, Inc., Aviko B.V., and Farm Frites International B.V.
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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